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Dollar General

1406 US Hwy 2, Bessemer, MI 49911

Listing Price: $1,272,109

Cap Rate
7.35%
Tenant Name
Dollar General
Years Remaining On Lease
11.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$139.79
Lease Type
Absolute Net
Rent Per Square Feet
$10.27

Investment Overview

Property is Located Near Residential Areas and Local Area Retail Establishments | 5 Miles from Indianhead Valley Condos

Excellent Visibility from Highly Trafficked US Hwy 2, the Longest Highway in the Upper Peninsula | Connects Ironwood and Wakefield, MI

New Build in 2020 | 11+ Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10% Rental Increases in Each Five 5-Year Option | Metal Roof

Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,000 Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P

Investment Highlights

  • All Properties Can be Sold Separately
  • Resort Town Dollar General – Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area
  • Location Benefits from Year-Round Visitors to Nearby Recreational Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park, Black River Falls, and the Iron Belle Trail and Others

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Discount

Dollar General

Listing Price: $1,272,109

Cap Rate
7.35%
Tenant Name
Dollar General
Years Remaining On Lease
11.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$139.79
Lease Type
Absolute Net
Rent Per Square Feet
$10.27

Investment Highlights

  • All Properties Can be Sold Separately
  • Resort Town Dollar General – Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area
  • Location Benefits from Year-Round Visitors to Nearby Recreational Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park, Black River Falls, and the Iron Belle Trail and Others

Investment Overview

Property is Located Near Residential Areas and Local Area Retail Establishments | 5 Miles from Indianhead Valley Condos Excellent Visibility from Highly Trafficked US Hwy 2, the Longest Highway in the Upper Peninsula | Connects Ironwood and Wakefield, MI New Build in 2020 | 11+ Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10% Rental Increases in Each Five 5-Year Option | Metal Roof Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,000 Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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